NASDAQ$CPRT

Copart Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Copart's first quarter of fiscal year 2021 resulted in increased revenue and gross profit, but decreased net income compared to the same period last year.

Copart reported an increase in revenue and gross profit, but a decrease in net income for the quarter ended October 31, 2020. Revenue increased by 6.9%, gross profit increased by 16.4%, and net income decreased by 8.2% compared to the same period last year.

  • Revenue increased by 6.9% year-over-year to $592.9 million.
  • Gross profit increased by 16.4% year-over-year to $296.8 million.
  • Net income decreased by 8.2% year-over-year to $200.3 million.
  • Non-GAAP fully diluted earnings per share increased by 21.5% year-over-year to $0.79.

Headline financials

Total Revenue

$593M

Previous: $554M+6.9%
EPS (adj)

$0.20

Previous: $0.17+17.6%
Cost of vehicle sales

$64.4M

No prior period
Capital Expenditures

-$147M

Previous: -$132M-11.6%
Free Cash Flow

$111M

Previous: $80.7M+38.2%
Net Income

$200M

Previous: $218M-8.2%
Operating Income

$249M

Previous: $205M+21.0%
Gross Profit

$249M

Previous: $496M-49.8%
Cash & Equivalents

$606M

Previous: $181M+234.5%
Total Assets

$3.74B

Previous: $2.86B+31.0%
Stock-Based Comp

$8.91M

Previous: $5.53M+61.1%

Revenue & EPS history

Copart · Revenue · Quarterly

$593M

Q1 2021+6.9%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Copart · $1.24B total across 2 segments · Q3 2026

  • Service revenues
    $1.06B
  • Vehicle sales
    $181M

Forward guidance

This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning the potential impact of the COVID-19 pandemic on our business, operations, and operating results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+0.7%

Avg return

5 days after

-0.4%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+13.1%

Q1 2025

Best reaction

-12.5%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.0%-2.7%-12.6%
Q2 2026+9.2%-4.8%-12.7%
Q1 2026-2.3%-5.5%-4.8%
Q4 2025-2.8%-2.9%-9.7%
Q3 2025-11.5%-14.2%-20.9%
Q2 2025-2.8%-3.3%-7.9%
Q1 2025+13.1%+15.1%+5.1%
Q4 2024-7.5%-7.7%-1.2%
Q3 2024-1.5%-0.7%-3.8%
Q2 2024+5.1%+8.2%+17.4%
Q1 2024+2.0%+2.9%-0.6%
Q4 2023-1.0%+0.6%+3.2%
Q3 2023+8.8%+9.8%+7.5%
Q2 2023+0.9%+1.2%+3.1%
Q1 2023+3.4%+3.3%-2.7%
Q4 2022+0.4%+0.5%-5.8%
Q3 2022-2.3%-2.6%-7.5%
Q2 2022-1.6%-3.5%+1.9%
Q1 2022-2.1%-7.9%-10.0%
Q4 2021-0.6%-0.1%-1.8%
Q3 2021+2.4%+5.8%+5.8%
Q2 2021-0.8%-5.7%-9.7%
Q1 2021-2.0%-2.6%+5.3%
Q4 2020-1.0%-0.5%+3.2%
Q3 2020+3.0%+2.8%+0.6%
Q2 2020-5.0%-9.4%-41.3%
Q1 2020+1.7%+4.1%+5.0%
Q4 2019+7.8%+10.1%+7.0%
Q3 2019+6.1%+7.7%+12.1%
Q2 2019+6.0%+11.0%+11.1%
Q1 2019+3.1%+0.4%-3.5%
Q4 2018-12.5%-19.9%-23.2%
Q3 2018-0.5%+2.4%+13.0%
Q2 2018+2.0%-1.3%+6.5%
Q1 2018+12.9%+16.9%+19.6%
Q4 2017+3.0%+2.7%+10.8%
Q3 2017+4.5%+3.4%+5.1%
Q2 2017-0.9%-0.0%+4.1%
Q1 2017-4.1%-2.6%+0.4%
Q4 2016+5.5%+6.5%+6.5%
Q3 2016+9.3%+10.9%+8.1%
Q2 2016+1.5%
Q1 2016+6.5%
Q4 2015-3.0%
Q3 2015-2.5%
Q2 2015+2.3%
Q1 2015+5.6%
Q4 2014-5.7%
Q3 2014-4.8%
Q2 2014+0.5%
Q1 2014+3.2%
Q4 2013-9.6%
Q3 2013-2.6%
Q2 2013-1.2%
Q1 2013+0.3%
Q4 2012+1.5%
Q3 2012+0.0%
Q2 2012+0.7%
Q1 2012+0.4%
Q4 2009-2.9%
Q3 2011-0.7%
Q3 2010-0.7%
Q2 2010+0.4%
Q2 2011+0.4%
Q4 2010+1.0%
Q1 2010+1.0%
Q1 2011+1.0%

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